Private Goods and Military

Private goods are those goods that are excludable and rivalrous in consumption. Excludable means that the producer of the good can prevent non-payers from consuming it, while rivalrous means that the consumption of the good by one person reduces the availability of that good to others. Some examples of private goods are clothes, cars, and food items.

Military, on the other hand, is not an example of private goods because it is a public good. Public goods are non-excludable and non-rivalrous in consumption. Non-excludable means that it is impossible or difficult to prevent non-payers from consuming the good, while non-rivalrous means that the consumption of the good by one person does not reduce the availability of that good to others.

Why is Military a Public Good?

Military is a public good because of the following reasons:

1. Non-excludable: It is difficult to prevent non-payers from consuming the good. This is because the military is responsible for the protection and defense of the entire nation, and it is impossible to prevent non-payers from benefiting from this protection.

2. Non-rivalrous: The consumption of military protection by one person does not reduce the availability of that protection to others. This is because the military protection is available to everyone in the nation, regardless of whether they contribute to its funding or not.

Conclusion

In conclusion, military is not an example of private goods because it is a public good. Private goods are excludable and rivalrous in consumption, while public goods are non-excludable and non-rivalrous in consumption.